11 October 2017

ICICI Bank Aid to Armed Forces

ICICI Bank Aid to Armed Forces

ICICI Bank, the country's largest private sector bank by consolidated assets, committed financial assistance of Rs. 10 crore to the Indian Armed Forces.

This contribution by ICICI Bank would be made in two equal tranches. This fund will be used for two programs. The first will support post-graduation education of the widows of the soldiers and education for their wards. The second program will provide financial assistance for marriages of the daughters of ex-servicemen.

Important Takeaways from Above News-
  • Chanda Kochhar is the MD & CEO of ICICI Bank.
  • Current Defence Minister of India is Nirmala Sitharaman.
Source- The Economic Times

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